Procter & Gamble's Profit Rises on Higher Sales

Procter & Gamble Co. reported an 8% rise in profit for its first quarter under returned Chief Executive A.G. Lafley and notched a rare win in sales growth over rival Unilever PLC.

The Cincinnati, Ohio, maker of Tide detergent, Gillette razors and Pampers diapers said sales for the three months to September rose 4% excluding the impact of currency movements, acquisitions and divestments. Including foreign-exchange impacts, sales...